Do the volatility in the equity markets and global political turmoil represent a buying opportunity or are they a signal to lighten up on your stock exposure? In his Your Portfolio column today, Robert Powell examines the pros and cons with Christopher Pavese, a chartered financial analyst and chief investment officer of Broyhill Asset Management. Pavese’s take? He said the current market is reminiscent of two other times in history when we’ve had “Monster Rallies,” where the markets doubled in short period of time and then fell.

Also in today’s Personal Finance coverage, Kristen Gerencher looks at insurance tiers that stick some patients with staggering out-of-pocket costs for specialty drugs — and the efforts by some states to limit those costs.

Are the markets overbought and overvalued?

Buying opportunity? To some, that’s what the recent turmoil in the world and in the equity markets, including this week’s declines in the Dow industrials, means. To others, it’s further evidence of the need to go light on stocks. Read more: Are the markets overbought and overvalued?

The ‘big dog’ is in a big fight

Powerful public-worker union AFSCME is in one of the biggest fights in the union’s history, and union officials are claiming it’s in the crosshairs of Republicans for its aggressive support of Democrats. Read more: The ‘big dog’ is in a big fight.

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